16 Hensche Ln #U16ProvincetownMA02657
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 16 Hensche Ln #U16, Provincetown, MA, 02657 in Provincetown the bet is firmly on appreciation. Rental yield 0%. The 0% gross yield on a $1,089,600 price is below income-first thresholds, but 5%/yr value growth projects $301,036 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (0.00) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 5.8% |
| Monthly Cash Flow | $0 | $1,200 |
City averages based on Provincetown market data in our database. Property projections are estimates.
Condo
Built in 2000
1.72 Acres lot
$N/A/sqft
$584 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02657, Provincetown, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,145 (100%) |
| Owner Occupied HU | 1,405 (27.3%) |
| Renter Occupied HU | 808 (15.7%) |
| Vacant Housing Units | 2,932 (57.0%) |
| Median Home Value | $1,091,004 |
| Average Home Value | $1,277,322 |
Housing Distribution
Address Breakdown
Residential
3,105
Single Family
2,976
Multi-Family
129
Businesses
500
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Condo
Built in 2000
1.72 Acres lot
$N/A/sqft
$584 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02657, Provincetown, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,145 (100%) |
| Owner Occupied HU | 1,405 (27.3%) |
| Renter Occupied HU | 808 (15.7%) |
| Vacant Housing Units | 2,932 (57.0%) |
| Median Home Value | $1,091,004 |
| Average Home Value | $1,277,322 |
Housing Distribution
Address Breakdown
Residential
3,105
Single Family
2,976
Multi-Family
129
Businesses
500
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: William Raveis Real Estate, Mortgage & Insurance
Mls Provider:
Mls ID: #22503656